What happened Shares of DocuSign (NASDAQ: DOCU) jumped as much as 10.8% higher on Friday morning thanks to an impressive third-quarter earnings report. So what DocuSign's sales rose 54% year over year to $383 million in the third quarter of fiscal year 2021. Adjusted earnings doubled to $0.22 per diluted share. Your average analyst would have settled for earnings near $0.13 per share on sales in the neighborhood of $361 million. Image source: Getty Images. Now what The COVID-19 pandemic provided a strong tailwind for the electronic signatures and contract management specialist. The company's products and services help clients and their customers complete and manage their agreements and business deals electronically, with zero risk of transmitting virus infections. "As COVID-19 has accelerated the digital transformation of key business and agreement processes, DocuSign has become an increasingly essential cloud software platform," DocuSign CEO Dan Springer said in the earnings call. "The last few quarters of heightened demand have offered a glimpse into the long-term growth opportunity we have." Investors have already embraced DocuSign's fantastic growth story in recent months and this muscular earnings report supported the resulting market gains. The stock has now gained 212% year to date and 230% over the last 52 weeks. 10 stocks we like better than DocuSignWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DocuSign wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends DocuSign. The Motley Fool has a disclosure policy.Source